Entities as Members or Subsidiaries

Can Other Entities/Companies be Founders and Members of a DAO LLC?

  • Yes, other entities, companies, etc, can be Founders and Members of DAO LLCs.

  • Note that if a company is a Member that would otherwise KYC (see KYC requirements here), that company then must perform KYB, which includes KYC on any of that company's beneficial owners.

Can DAO LLCs own Some or All of Other Companies?

  • Yes, DAO LLCs can invest in or otherwise own shares or governance rights in other companies.

  • And, yes, a DAO LLC can fully own a subsidiary company.

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MIDAO is not a law firm and does not provide legal services or advice. MIDAO recommends seeking independent legal advice regarding all decisions regarding Marshall Islands legal entities and related legal matters.